ES & MES Futures Trade Plan #378

Battle Plan 3️⃣ | ES Long Setup 

If you are an international member or up at 3AM… like me today… ES offered a beautiful trade setup. The 3-Contract System paid.

Just 3 points of heat and 22 points of follow through.

ES Live Trading Room on Zoom

Well, we took several attempts at possible first ladders that only gave us small bounces. Break evens mostly. A few points at best. 

Then we got that ridiculous 15 point candle flush bouncing off the previous day’s Value Area Low. I believe it coincided with Canada retaliating with 50% tariffs.

We marked out the Value Area High and the Value Area Low from Monday’s profile as key levels for the ES chart today.

I was hoping we didn’t even touch the Value Area High… since I was already long.

ES had something different in mind.

So I mapped out a “bounce box” to get long, targeting today’s opening price plus POC. See the video above.

Here’s a screenshot from the Live Trading Room this AM.

Enter. Set Stop. Walk. Wait. ES Target Hit.

Price touched the front edge of the purple box against the Strong Range (See the chart below) and had a nice bounce back down. 

That Strong Range has been fantastic, hasn’t it?

It doesn’t get any more fun than that… ES reaching target. 

It was hard fought for sure. Most traders would have given up on the trade.  Just too difficult of a move. Too much back and forth. 

A couple of small red trades earlier and the itch takes over. The market dealt you two bad hands, and now you’re holding a winner… and all you want to do is snatch the small pot and run. 

Your finger hovers over the mouse, fidgety as Billy the Kid, convinced he got cheated at the table. That itch has closed more good trades early than any stop loss ever will.

Not me. I set my stop, holstered my Colt Peacemaker and shut down my DOM.

A long long walk can help a lot. My fingers are a long long long ways away from the mouse! 

So… Entry taken. Stop set. My job was done… the rest belonged to the market.

Price does what price is going to do whether I stare at the screen or step away. All that staring buys you is the itch to fiddle with your mouse while in a winning trade.

Set the stop. Take the walk.

I received a comment from a Foundations Member today, “The system had a plan for where price could not go, the move was slow but it got there”. 

Summer ES Trading

I always forget just how much I loathe summer trading until August.

Fall trading cannot get here soon enough.

Don’t lose heart… easier trading conditions are around the corner.

Tip of the Day

Hold Your Lotto Runner:

Once price travels a comfortable distance, keep one runner alive.

You never know what headline hits next… and the runner is the only contract positioned to cash it.

Trader’s Homework

Do Your Homework!

Play with the NEW Tradovate SuperDOM and practice trading with NES Nanos Contracts. 

Tomorrow’s Live Streams

Scoreboard

Points Accumulated This Week:

Battle Plan: 25+

🔥 10-15 Point Battle Plan 3️⃣ ES Long.

Zoom: 25+

🔥 15-Points. Entry to target… for the aggressive.

There were no easy trades today.

At the time of this writing, I’m still holding Lotto Runners. For me, ideally, price doesn’t go any lower than my exact entry point. 7676.

Core Strategy: 18+ (For Full Members)

Once again, August price action was just atrocious. 

Easier days are ahead.